BYLAW - Borrow Money - 19281203 - 65928DEBEFTURE BY*-LA6W
BY-LLW LUMB,14"IR 059*
B.7.1aw to Provid-e for the borrowir.,.g of 209000000 upon
debentures, for the construction of resurf, 1 -0 ptavem ent on th at
4 of Yonge Street from a. noint four hii-ridred- feet (4001) south of
17hree hruiclred f3
h Beet (001) e south sio de o:Lf* -.anssome Street to a ro*rt U
north of the no*I%tn sieie of 1 e 16 3r t
+A S pi- r sil ant t o By - 1 av; Eumber 0 51 of the Cor-nortt t I' or_"
the twent,'v-third St
e on "P&Ugu
0-.F4 the To'rvn of Aurora.,, va, s r- 9
aben oris-1-yrnted o n
2 1 CA t h e resurfacl", x g of the -n a ems ent hc ecU _j t t
P A. art of vonge Street 0'r o m a pol*nt' `our hundrec f6et (4001) south
070 the south $'e oJC' crec feet
,ja�nsoz-Ie Street to a axi po"nt three hun
th of the riorth s.3'-Cje of e e e t a s a Local Iry-mrove-
(3001) nora
Ment rA.nd*e r t he -1? r o v *1 es 11 c rjg o -IL t h e OCEL Tpq, r c v e -rq en t 26 c t
IIII(D 'vlff S Irsuairit t o By la.. w b e r 50 of the CorporatIon
T'C S S e V of the Tovvvn of Auror d on the tweyitv-thirel d. a 'r-, of Uguot',
1 1,
N'
d all exist* T the T ov of i�urora as
of orsurne n 3, rl R f r ontage or
'he C o rat r
T P
I rig
L p a, 1 1 irn r. ri h a ' rg e s o the exi st averrient on vonge Str
cha.TgOthe same against the Cor7,ore.,tJ_cn at 1ca, r e
lieer that foundation
k D the Certofocate of the Erig*r
lot,
-F**c'ent has been rece2.ved b7�7 the Corporationo'
Is sufl).
aroc, power +
tc I is coy,"
S LL
by levosed Statutes of On ""erred,
ii, r e s urt e r t' e D
unon the C ounco 1 of nicinal"t*es to ssue d e b r, Ct ri ro
vi.sionsi! of the "bocal I m p r o v er, ie r, t lct.
T) � � � i x _�-OP.-ore referve' to has been nom. the work hereinbe
etea as a al Improvement u..rid.er the provls* onss of the Local IM-
-bo
in, r o v e me n t Acto
Al
AhD WH thle total coct ol the, work JL s '4_2090,___O*QO, of wh 1, ch.
19,000.00 is the T_ o vvrj. s fz-�hare and 4�1,10r)0000 is th-c' share o-F the ow n-,
.........
ers' portiors of the costs for wh*ch a sp 1
-ec Etl assessment roll has been
dul�? made ane carti"flLeds
D -4AS t he 1 f et rne o 1 -P t lye v-v or k s e s t t e at 20 years, 1*31 Ct
Ai
Z el surn o f t "s necessari7
-4D I to borrow the sal
S
-20 0 'Oe ()0 on th e c r e d. J., t oil the Corrorati-ors and to 'issue debentures
f thper c ent pe r er.-Ifor bearinj::P "Interest at the rate o-P -Four and, one-hal-1:
ar-MLUII vvh I' c h I' the amoum, of the debt interided. to be created by'this
k
By
�—CL-u 3 it is expedient to make the pr*r-ci A, )al of:,the said
a e b t rep ai,,, amp e 3. n "dam e ar ly s- uummc,,3 don r r, g 4 h -a p e 11 o d o f f 1" f t e e n e
sue Yj w, o u rit s res-nect"vely, that the acPcPregc-7,;,te amonnt pevre,.ble for- prin-
1-7 t i ri a -uear shall be eoual, as nearly
ci -)al and irit ere s a_ S may be t 0
c�ble f or p r" ric " ral. ane iriter est iri each o -P. t h e othee-r
the 'amourit so m�7 c-:-k 1 CI
Z,7ears
Al -Por f D M7�AS t will be necesparly to ralb &IMi Ta 1, 'teen
VD
-ri e the s u m of 1-502*28�1 of whi.ch amount the s u f�ri of 17 h a 11
20
orr, or at i on s s ha. be e arid t' the e s Li- mi "3*11 shal- be the Owners
t e er, ye e. v the sal e c-i r 1,y sums
s h e during, the peri od. of ... i r s t o pa,
o r rl, c iral arO "nitexiiist as they become eue.
WEE S the ammuntwhole rateable -ropert�F of the
, VO
cal o r dr., r
the D3s
,'t rev seds,-e S Senrollt a c 2 igo t-,,a
it "s
P43*1b1*00,* 4
D REAS the amount of the ex*sting debenture debt of the
by ornorat ion(e"usive of U im-nrovenerCxcJ-r-it debts secure-pe*l
sca
rates or ent s) is 4168 Ob7 52 ane no part o-L.
ci s s e s m the pririciral aridry
irit e rest i S 'in arrears*
L 0 CU !I C I L CP CCi�`:',
T -1. R F Cj Hr La iICI-R&,-.A C D+T I CB C F I T C)WI-
OF TI`,:,I 0`k"' k M! ACTS AS FO LL ON S
'd,, there shall be borrowed on
(1) That for the rurroc,,,e aforesal
tha
e h i a, r r. e d. be
11 Ai g`.. x .
_mom ," ,rz. -. ... _ p each, �:s^ +�: i .• ems,_ � cr -` the e 4 4k M1` ._ _ Y nn.n .. ., o 1 .
I S
(2) The deb-' -iizes sho
l � id �.$ Asa � w ., �V7 "w
th 7
issued awe .:, two -.�.r after , a 4 La io ,.. - .-_ *...i h L � s a
'�
:. .:.
n5
&�1#} d, ',A S P -is _ a � � ," a.A �.. � �K�.r' r�. ca. "� a� es .: a a . � �' '�$ ,� shall ,. e- a �,9 w
P
,A.i
011
,aL G .' ..
t he f ft a e, rs Pme
1 m-a.. It, am artniT ga,.a�$d l i n �N-, m. e .: y .. 'L^' mi.+ `r
'tr
we ann. e a re 1 s 66 edl � the respective amrov_nts 0
r, # of qs:,lch + be asuile aittachedo
e
l
g� �3g ¢ * gam- gyp"^' � g �" g^-"�Iters
o2aa . .: '�Ay$ . � .i4, gm � �n �7 ' :.s �cys � ,.� .� � o-n aa�- ��-^ °mod "C.r-kb,� r� � .. ..� .: e'd 1 be
(3)
..
ad Via.. v.. r eb$... ,a . .
;Ub e. at the o 2
' e 0 -P . C C a
r r e r� cy a n,-
1 shc-3,11 be
v e zi
....tia
S„e
..
rpy-
on s hal
^i dm ± WA 4:. '3aW rat *3. 1 a. .P 5 � Issue # the de -
The
A
e s*C by the
_ .A. €c$ t a �' and ad : zs, i �'°w` �¢.:✓� t c 4m^� p, i .�. • n, d 2 +�}' €� t i� shall � per" � I� }
t
..- -,
�y .:
I
Y' i j �$g'�`g gyp{ rq$-,p ygpb,� yYg�s g g$ y p, A pqT»
gg %.. > of *tic� P > n � g�'gfp ffiP. �'i,� t bu pha a �$ ^ ..wc, PCs �.__. R. @rt% 9Y. T oy �br tea; $5 0 `ice b': iA4
or
6 4�.^r - w.. .. sit o r y^ �9d � on seal uSa
Dur"v rig the fifteen vears,, Aures
'i
be 1 see/ _ ,: y� .
the
d..sp i.:,m o f_4 6 2 9 2 3 ,� a taw. :, ..,r.. :� a,F for YYY � � 6m�� ' i�. � of
•^y 2..
� 4
,pm _
S 'r
_
lev
p - 08 d YMn.. �+ � st :�4 � it r
debt anall
x
4
qq(
mqg ter °$' q q$ a.5 .:+i 9 4 ' "+hon .gRri '�amf and
K _ E%' ° spg re
"- ...t, ��ra �', gar'E. .- I -� r f� � 's� ids �+w a mm.,r;, >..� _.
k
qq @ypq $ � u¢■�q$# 9 �p$ty@: 3n the a�¢Kg� bqy$, q�$$ 9.�k}
' .. + S ffi -.. f �u .. dYai z0 dp+ .. A.s+ : _'.-++' Ya;4 - �:"�. tl!a.T. � i �i
_.
r 4 p .. 9. .,
jam$ �}'^' {# _ Yts � payment
.+b 1 w. d'a'W.'. ' s '' '.S' y+...J er
'� e 'x* -ion's • .%.. _ �^. i•.yp s � n fir, .. .__ 3Ai> 'kvY gd VS, a& '&r&' %� n'&:•-
o..,"-* the
q ;- e "
^ { eny on the spec sFR :: Yam✓ fEary 56R1. '+ate... a .. forthin -.. _ _ ..� q . -' _ assessment
'a'.1
is herebi7 Imposed u-nion the lands liable therefor as therelin set
r sur., sufficient to cover
forth* wh]".ch said s,,ecial assessment, with a
interest thereon, at the rate aforesaid,, shall be payable in fifteen
y
equalroll
_
40
s of each and for instalment that -purpose an equal
dthcents age o
" a ,� � ''per -foot fton+ 'ntha-t
part of Yorze Street from a point four n .. feet(4001) muth of
niStreet to a ro.Jnt three hundred feet' (300')
lot erLtereo* in the said s
assessed. frontage thereof, over cend above all other rates arad taxes
and, which said sr, ec leal rate sh al 1 be collected T bv the
C�
Collector of Taxes for the Corporation, at the same t "me , and. in the
a
i
_ : ... _ any - clause _ a... spa. " rO d�"T the
debentures, - - a�q egg �gf�
for
e _. may
(6)
I
� 'e .; `''' � J,�
h -
�
o �� � � te - �a
� � � �„ � q.�;: "'L � � an
- g�i s - �. ' -,.a ., ' L 0 s -vk3 ems'.. 'e-
�
�
f°
-°"'Enure s "in force a .z. time . spite
. .- ` »S
The arnnount of e loan
(7)
@g
012, th Ifte S ..other loaris athor'zed by o
t of ar
c c n at e . 11 _
Local Improver ent aR9Rt �s -
'. � a - a Consoi
az�.o '�.. aw authorl".zing a. borrowing
*dating in
the ' debentures �
V'_,ereof.1, as one loan, and the Issue o_9
i
in one consecutive is +he Statute
,. t behalf
i
1
t the h r� rial
ondate of
1
i i
ing thereof-*
j
DAT&D at the Town liall,- �. 3 -T7 of December
'I
'
PASSED at the Tovvn Hall, Aurora, this 3rd day of December,,,
I
1
i
s
i
µ
15 Years ,early
payrinent
t
Year
owner Is
Shaze
Share
bm Otal
Interest
Pr nc *1
-1862*28
-
At -r
5 *00
3
,,,,' _
00
p_ e
,ol7
44a
_
4
50*28
rc
813*87
' ..
6
3
40 57,
52 542
7 7 0
i 2.8
y
"862 28
4
3 8,0 ?.0
54,soll
#125 *
1043*21
_ 1 28
5
Av-
.35#73
f
IQ/
1 ?,1
Ra18;,
O
6 2 28-
- 33*15
Ob
a.Ff
1862*28
7
30o45
6 6*
578.69
llqo.48
1186?.* 28
#
27.6405*7'
5..
525ol2
{
corm 2 a5
9 62,* 28
Q
-24iso cl;.
'(D4016
'*8*42
a * 14
1300*03
18-62028
;t }2
1AMM 61
71e5O
4loso4
1358- 53
1862*28
S
3 9/
.74972
340
.. /*50
410.b7
18 0"' 2 28
12
ab5'�v.
15*03
7 r d
,K� - f
' 2
148
.d �-55
"-
13
ql,\,-�
11*51,
81.6o
218*80
1550* 31 L*/
1 2 2 8
14
7 F 4
85*27
140*10
1!'20*07
1862*28
15y�.
%_
4
�:76
8f ,.
au^�
mod`
x
R o c+7
r
18
y, .. M
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